The Largest Component of Current Consumption Expenditure Is ________,While the Most

question 52

Multiple Choice

The largest component of current consumption expenditure is ________,while the most volatile component is ________.

• A)durable goods,nondurable goods
• B)durable goods,services
• C)services,durable goods
• D)services,nondurable goods
• E)nondurable goods,services

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Definitions:

Credit Period

The duration of time allowed by a seller to the buyer to pay for the goods or services received, without incurring any additional costs.

Probability of Default

The likelihood that a borrower will fail to meet their debt obligations.